Condominiums: Secrets of the Philippine’s Top Entrepreneurs

Following last years List of the Top Entrepreneurs, it would be beneficial to analyze the structure of wealth creation in the Philippines. We can see from Forbe’s list of Billionaires,  that the the Ayalas (Jaime Zobel de Ayala & Family) are strangely not on the list and Henry Sy’s net worth is a few hundred million dollar$ lower this year. 🙂

In the past, it has been the landed and the ruling families that were dominating the market. Today, they still are. But newer players and companies are rising to take their place in Philippine business.

Philippine Entrepreneurs in 2014

In the 1960s and 70s, the landed families are cashing-in from agriculture, fishing and garments and manufacturing. The earnings came from the working class, whether from sugar in Negros or rice, coconut or tobaco in North and Central Luzon. In 1974, the US closed its market for sugar imports. For the next decade, local produce from developing economies threw a stiff competition of subsidized agricultural imports with Philippines local produce.

Advertisements

Top Philippine Entrepreneurs List for 2016

Lots of Money can easily make anyone famous. If fact, Money has been the number one source of failure for both companies and people. Excellent stewardship of the resources that God has given you is a prerequisite to be on the top.

Philippine Entrepreneurs

One of the comments I have heard working abroad is “Spaniards” are lazy. And while Filipinos are hardworking and industrious, there is still an influence of the “siesta” time. When I came for vacation back in 2008, I was surprised that banking hours were extended to 5pm. and it’s not hard to tell why. The Chinese Owner of this bank had enough power and clout to overrun the cultural practice of banking till 3pm only. It’s this new work ethic plus the strength of the Biggest Network of Malls in the Philippines that gave the push such that this bank is the biggest in the Philippines today.

List of the 40 Richest People in the Philippines

Philippines Richest Men: Henry Sy

Philippines Richest Men: Andrew Tan

1. Henry Sy $7.2 billion
2. Lucio Tan $2.8 billion
3. John Gokongwei Jr. $2.4 billion
4. Andrew Tan $2 billion

Introducing Andrew Tan: The Shy Billionaire

He is one of the Philippines’ richest men (4th in the Forbes 2007 list of the Philippines’ 40 Richest, estimated wealth at $1.1 billion) yet he is probably the most low-profile.
Little is known about Andrew L. Tan, yet children of all ages know one of his businesses only too well: his Alliance Global Group Inc. owns 49 percent of Golden Arches Devt. Corp., franchise holder of the McDonald’s hamburger chain in the country.
His real estate group under Megaworld owns over 200